Prevailing conditions on comprehensive risk management in Iran's capital market, strategies and future consequences

based on behavioral finance theories, managers' decisions are not completely rational and are influenced by their cognitive distortions and behavioral biases, which reduce quality of company's performance in relation to capital market, shareholders and other stakeholders. Therefore, their trust and confidence in capital market will also undergo fundamental changes. So, purpose of this research is to examine prevailing conditions (causal, contextual and intervening conditions) on comprehensive risk management in Iran's capital market. In this research, in order to identify prevailing conditions on comprehensive risk management in Iran's capital market, strategies and its future consequences, initially, the interview was conducted with 20 managing directors, members of board of directors, mid-level managers and senior experts of active and effective manufacturing companies in various industries of country's capital market, as well as current and former senior officials of capital market in 2022. Then, the final researcher-made questionnaire was distributed among financial and capital market experts, and finally, to analyze the received responses from 302 respondents (financial and capital market experts), the partial least squares structural equation modeling method was used in PLS 3 software. Findings of research indicate effect of causal, contextual and intervening conditions, as well as interactive effect of causal conditions in contextual and intervening conditions on comprehensive risk management in capital market. Finally, comprehensive risk management in capital market requires strategies such as dynamic thinking, critical thinking, social interactions and awareness and these strategies have consequences including increasing individual ability, optimizing decision process and reducing psychological consequences.